Press Release

The Global Catamaran Market is projected to grow from USD 4 billion in 2021 to USD 6.16 billion by 2030 at a CAGR of 6% during the forecast period.

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Catamarans offer ample space, increased stability owing to the two hulls' support, level sailing due to the lack of heeling, and privacy. This is one of the primary advantages that have resulted in market expansion throughout the forecasted period.   

Due to government-imposed lockdowns to contain the COVID-19 epidemic, catamaran sales have been impeded all around the world. The market for catamarans has been hampered by disruptions in the travel and tourism industry. Due to relaxations offered by various governments following considerable decreases in COVID-19-infected patients, the industry saw a phenomenal rise beginning in mid-2021. In addition, post-pandemic, new product releases by industry players and increased club activities will produce a good market picture. 

Catamarans have been more popular as a result of technological developments in cruises, such as greater speed and safety measures, as well as increased stability. It's becoming more popular for luxury and leisure applications, but it's also gaining traction in military operations and transportation. Catamarans have benefited from advancements in terms of reliability, increased speed, and stability, such as strong engines and long-lasting hulls, which have allowed them to cover longer distances in less time while providing increased comfort and safety. Racing events are increasing popularity, and customers are requesting sophisticated characteristics in catamarans, such as increased speed and durability, as well as more space and luxury. 

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Catamarans are popular for relaxing, cruising, and include features such as look over cabin tops, bridge deck clearance, and wide space, as well as various other advantages in comparison to speed and power catamaran. Catamarans like the Maine Cat Catamaran's Cat 38, Fountaine Pajot's Saona 47, and HH Catamarans' HH-55 are comfortable, high-performance, and easy-to-handle. Moreover, events hosted by Atlantic Rally, such as the World Cruising Events, are projected to contribute in market expansion over the forecast period. In addition, adult’s participation in boating is increasing, and the tourism business is growing, increasing market demand. Furthermore, an increase in cruising and racing events has boosted catamaran demand in the market. As a result, the automotive catamaran market is expected to increase in the near future.              

Europe is projected to hold a majority of share in the worldwide catamaran market and production industry owing to the technically advanced producing infrastructure required for world-class product ranges. Furthermore, the region is known for having the most experienced personnel, which has a significant impact on consumer demand for high-end performance catamarans.

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KEY INDUSTRY DEVELOPMENTS:    

• In April 2021, Fountaine Pajot will be the first shipyard to use hydrogen as an alternative energy source on its catamarans. The EODev REXH2 hydrogen generator will be used to power the Samana 59 sailing multihulls as part of the Odyssea 2024 plan. The REXH2 will be able to deliver up to 70kW while also charging a 44kWh LiFePO battery intended for maritime applications. 
• In January 2021, Dun & Bradstreet, Inc. announced the development of its future Brix Marine 4216 CTC boat. Volvo IPS 650 engines, a Dynamic Positioning system, and a Pullmaster hydraulic winch will be installed on the Catamaran.  

Read More Details On This Report: https://extrapolate.com/Automotive/catamaran-market/25777